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waste QLD STATE 17 of 77 Queensland Councils
$241.0M

Queensland Councils: $241 Million in Asset Accounting Errors Across 17 Councils

17 Queensland councils had to correct prior year asset amounts totalling $241 million in combined prior period errors. 54 of 77 councils had at least one internal control deficiency in asset management. The QAO recommended requiring councils to include current asset management plans in grant applications.

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What This Means

$241.0M of Australian taxpayer money was wasted at 17 of 77 Queensland Councils. 17 Queensland councils had to correct prior year asset amounts totalling $241 million in combined prior period errors. 54 of 77 councils had at least one internal control deficiency in asset management. The QAO recommended requiring councils to include current asset management plans in grant applications.

Spread across Australia's 10.8 million households, that's roughly $22 per family — enough in total for funding 161 fully equipped school classrooms.

  • 17 Queensland councils had to correct prior year asset amounts totalling $241 million in combined prior period errors.
  • 54 of 77 councils had at least one internal control deficiency in asset management.
  • The QAO recommended requiring councils to include current asset management plans in grant applications.
Amount Spent
Not specified
Original Estimate
Not specified
Waste / Overrun
$241,000,000
AI Confidence
0%

Analysis

Category: waste
Severity: high
Agency: 17 of 77 Queensland Councils
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